Tesla's Q1 Beat, But Market Share Slips

It's April 23rd, from your city to your ears.

This is El Paso News Today, powered by AI.

Tesla just posted a solid first quarter with profits jumping 17% to $477 million.

That beat Wall Street's expectations, especially on adjusted earnings per share, at 41 cents against their 36th and guess.

Revenue climbed to $22.39 billion, driven by a 16% bump in car sales.

But these numbers are still well below the highs, from when Tesla dominated the EV game.

Now rivals from Europe and China are grabbing market share.

And last year, BYD snatched the title of world's top EV maker from them.

Musk is brushing off the car sales drama, doubling down on Robotaxis and humanoid robots like Optimus, which he calls their biggest product ever.

Folks are reacting with mixed vibes, investors like the beat, but worry about the slowdown.

Robotaxis miles double from last quarter's end, and their rolling in San Francisco plus three Texas spots like Austin.

Tesla started building pedal-free cybercabs, and Musk teased a manual roadster sports car debut in about a month.

CapEx hit $2.5 billion, up 67% with even bigger spins ahead.

Share slipped 1% after hours, yet Tesla's all-in on the self-driving pivot to steer through the storm.